Social media app TikTok is set to leave the Hong Kong market over the next few days. As reported by Reuters, the ByteDance-owned firm made the decision based on the new national security law being enforced by China. Currently, it is unknown if Hong Kong will be held to the same jurisdiction as Beijing, but the Chinese company is unwilling to take chances.
“In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” said a TikTok spokesman.
TikTok
The company has previously stated that it would not comply with any requests for censorship by the country’s government. However, TikTok has claimed that China never made any such requests.
Overall, the small-clip app has been downloaded more than two billion times worldwide through both iOS and Android devices. However, only 150,000 of those installs came from Hong Kong.
Currently, ByteDance has no plans to bring its China’s version of TikTok – Douyin – to the Hong Kong market. Despite this, it has attracted more users in Hong Kong than TikTok, as the app can be installed in mainland China or by switching accounts.
“Douyin has lots of users in Hong Kong and will continue to serve the users there,” said ByteDance China CEO Zhang Nan.
At the start of 2020, it was reported that ByteDance was planning to make a big push in the mobile games space. It is also confirmed to be working on its own smartphone.
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Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry.
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With over 20+ years of experience, well known publishers, AAA+ game developers, serial gaming entrepreneurs and management teams of gaming corporations consult him on matters that behold financial, technical, operational, strategic and commercial.
I am observing and overseeing several boards of gaming companies. My trademark is to listen, strategize and give feedback to the stakeholders involved. I also represent management/founders towards shareholders and vice versa.
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Every Sunday I am hosting a games podcast. New episode are every week with gaming start up’s, investors and game experts. The reason I started this game podast was to share my experience and network.
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